Tax invoice is issued by a registered dealer to a register dealer.It shows the amount of tax seperately.In tax invoice buyer can claim tax input credit. retail invoice is used where amount of sales is very small in number.Tax is included in the amount charged.In retail invoice buyer can not avail the tax input credit.
22 November 2008
Sales Invoice: The seller's bill of sale for the goods sold, specifying type of goods, quantity and price of each type and terms of sale.
Tax Invoice: A document issued by a supplier which stipulates the amount charged for goods or services as well as the amount of Goods and Services on which tax payable.
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